required

5.1 compute total manufacturing cost of one table

5.2 prepare income statement if variable costing method is used

5.3 prepare income statement if absorption costing is used

5.4 prepare a reconciliation schedule to show why there is a difference in profits

Jul 41% ] 23:59 All File Reader Q TOTAL MARKS 20 Question 5 (20 Marks - 36 Minutes) - Regular Exam 2015 A company manufactures and sells large size tables to be used in the offices of the executives. One table is sold for N$400. The data for 2010 is as follows: Manufacturing costs: Direct materials per unit N$120 Direct labour per unit N$60 Variable manufacturing overhead per unit N$20 Fixed manufacturing overhead per year N$600,000 Non-manufacturing costs: N$40 Variable selling administrative per unit Fixed selling administrative N$900,000 Inventory: Opening 0 Production during 2010 10,000 Units available for sale 10,000 Sales 9,000 Closing inventory 1,000 Page 6 of 71 PREVIOUS NEXT